Birla Carbon receives IATF certification across all factories
Birla Carbon, one of the world's largest carbon black producers, has announced that all 16 of manufacturing facilities across the globe have received the International Automotive Task Force (IATF) certification. This makes Birla Carbon the first and only global carbon black manufacturer to achieve this certification.
The Yokohama Rubber Co. Ltd. posted a 258 million yen loss during the first quarter of 2020 compared with 9.1 billion yen in profit in the same period of the previous year. Meanwhile operating profit fell 90.4 per cent, to 1.2 billion yen. Sales revenue declined 13.6 per cent to 129.1 billion yen.
AMTE Power and Britishvolt move towards UK’s first Gigafactory battery manufacturing factory
Roughly a year after reports suggested the UK could become home to a gigafactory, AMTE Power and Britishvolt announced plans to investigate collaborating to build the UK’s first full cycle battery cell GigaPlant, servicing the automotive and energy storage markets. Both parties have signed a memorandum of understanding (MoU) focussed on each other`s complementary ambitions to create and expand an onshore manufacturing supply chain. The successful outcome of the collaboration would enable scalable production of a diverse product portfolio of lithium ion batteries to support the country’s Road to Zero targets and unprecedented transition to electrification.
The ADAC TOTAL 24h of the Nürburgring has been rescheduled for September, leaving a cloud-shaped hole in Falken Motorport’s schedule. The tyre brand’s team is followed by an enthusiastic fan base, though, and Falken has found a way to engage them without the totemic event of its motorsport season.
New UK Global Tariff sees tyre duty reduced from 4.5% to 4.0%
The UK Department for International Trade has announced a new UK Global Tariff (UKGT). Announced on 19 May 2020, this replaces the EU’s Common External Tariff on 1 January 2021 at the end of the Brexit Transition Period. As it pertains to the tyre business, while there are various categories, the announcement basically means the new UKGT sees tyre duty reduced from 4.5% to 4.0%. Camel back rubber for use in retreading stays at 0%, while duties cushion industrial tyres are reduced to 2.0% from 2.5%.
The Goodyear Tire & Rubber Company refinancing itself with $600 million of 5-year senior notes. According to the company, the notes will be senior unsecured obligations of the company. Goodyear intends to use the net proceeds for “general corporate purposes...
Kumho, Fiege Logistics open major tyre warehouse in Hamburg
Kumho is opening a major new tyre warehouse in Hamburg, Germany with leading European logistics company Fiege. Located adjacent to the city’s harbour, Kumho states the new facility will allow it to supply stock to the majority of German tyre dealers within 24 hours. It will also supply some Kumho distributors in Netherlands, Belgium, Luxembourg and Austria. Fiege Logistics will be responsible for all warehouse processes, including tyre handling from the arrival of product by container to delivery and shipment tracking.
Auto industry faces sharper downturn than 2007/8 financial crisis – GlobalData
Even as automotive manufacturers tentatively restart production lines after the COVID-19 crisis disruptions, the global automotive industry faces a hit to the market that will be greater than in the 2007/8 financial crisis, says GlobalData, a leading data and analytics company.
Smithers, which provides testing and consultancy services, has upgraded its low temperature retraction instrumentation and capabilities at its rubber physical testing laboratory in Akron, Ohio. According to the company, the new instrument offers improved temperature control for low temperature retraction and the instrument is said to be significantly more efficient, which will improve turnaround times for customers.
In the first quarter of 2020 Toyo Tire Corporation reported net sales of 82,094 million yen a decrease of 8,049 million yen (-9.8 per cent) compared with the first quarter of 2019. Its operating income for the quarter was 6,936 million compared to 10,174 million yen (-31.87%) in the first quarter of 2019.
Vipal’s tyre retreading equipment development has sold 56 machines since the start of its operations in 2016. According to the company, these were sent to countries in North America, South America and Oceania. Now, the plan is planning to expand internationally.
USW files anti-dumping petitions against Korea-, Taiwan-, Thailand- and Vietnam-made tyres
In the USA the United Steelworkers (USW) union has filed antidumping (AD) and countervailing duty (CVD) petitions on dumped and subsidized passenger vehicle and light truck (PVLT) tyres with the Department of Commerce and the International Trade Commission